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Esports Entertainment Group $GMBL Signs 193 Affiliates at #Gamescom 2018 #Esports #LOL #FORTNITE $ATVI $TTWO $GAME $EPY.ca $TCEHF $Game.ca $EPY.ca

Posted by AGORACOM-JC at 8:46 AM on Thursday, September 6th, 2018

Esports large

  • Announced the signing of 193 VIE Affiliates at Gamescom 2018, the world’s largest event for computer and video games
  • These VIE Affiliates represent professional players, streamers and influencers that collectively reach a massive audience of esports participants around the world
  • Result represents an increase of 220% over Gamescom 2017 and further signifies esports industry acceptance as the Company ramps up affiliate marketing activities in support of Vie.gg, the world’s first and most transparent esports betting exchange

ST. MARY’S, Antigua, Sept. 06, 2018 – Esports Entertainment Group, Inc. (OTCQB:GMBL) (or the “Company”), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, is pleased to announce the signing of 193 VIE Affiliates at Gamescom 2018, the world’s largest event for computer and video games. These VIE Affiliates represent professional players, streamers and influencers that collectively reach a massive audience of esports participants around the world.

This result represents an increase of 220% over Gamescom 2017 and further signifies esports industry acceptance as the Company ramps up affiliate marketing activities in support of Vie.gg, the world’s first and most transparent esports betting exchange. As a result of the conference, the Company is in discussions with several high profile esports participants and believes further developments will be announced.

TESTIMONIALS FROM HIGH PROFILE ESPORTS AFFILIATES

RaptorDaRaptor – a high profile PUBG player and Twitch partner, stated as follows after becoming a VIE Affiliate, “After meeting Grant and his team at Gamescom, I was very impressed with the ideas and goals they have for their company. This made me, both as an influencer and a professional player, want to work together with Vie.gg. I have reached out to VIE because they showed me a great sense of motivation and passion towards building something bigger, something that I can stand behind personally. I am excited to be building a team under the Vie.gg brand together with Esports Entertainment Group and introducing their brand directly to many thousands of fans. In 2018 alone, PUBG leagues have reached over 10 million total views with the future looking even brighter. I am looking forward to working together with the Vie.gg team as they have been showing me that we share common values and ambitions.”

Christian “Noir” Heinrichs, Owner of myRevenge and the first Vie.gg esports team Affiliate, stated as follows, “We are now Affiliate partners with Vie.gg for the duration of one year, since Gamescom 2017, and we have seen the company continue to grow and evolve through the year. I think that soon, Vie.gg will be the biggest betting platform in the esports business. We are looking forward to growing with the company as Affiliates, helping them bring on more new visitors and increasing our revenue as well. At Gamescom 2018, we worked together on-site with the full Vie.gg staff and it was a great honor to see how well we all worked together to bring more people to the brand.”

Grant Johnson, CEO of Esports Entertainment Group, stated, “A month prior to the show, we announced the major milestone of signing our 100th esports team Affiliate, a feat not matched by any esports wagering site.  Today, we’re announcing an additional 193 Affiliates from Gamescom 2018, which far surpassed our expectations.  The overwhelming response from the esports industry has served as further confirmation that our transparent P2P esports wagering platform is exactly what the esports world has been waiting for. We can’t wait to make Vie.gg the industry leader with the help of all our VIE Affiliates in 2018.”

This press release is available on our Online Investor Relations Community for shareholders and potential shareholders to ask questions, receive answers and collaborate with management in a fully moderated forum at https://agoracom.com/ir/EsportsEntertainmentGroup

Redchip investor relations Esports Entertainment Group Investor Page: http://www.gmblinfo.com

About Esports Entertainment Group

Esports Entertainment Group Inc. is a licensed online gambling company with a specific focus on esports wagering and 18+ gaming. Esports Entertainment offers bet exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience.  In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. Esports Entertainment is led by a team of industry professionals and technical experts from the online gambling and the video game industries, and esports. The Company holds licenses to conduct online gambling and 18+ gaming on a global basis in Curacao, Kingdom of the Netherlands and the Kahnawake Gaming Commission in Canada. The Company maintains offices in Antigua, Curacao and Warsaw, Poland. Esports Entertainment common stock is listed on the OTCQB under the symbol GMBL.  For more information visit www.esportsentertainmentgroup.com

FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact:

Corporate Finance
1-268-562-9111
[email protected]

Media & Investor Relations Inquiries
AGORACOM
[email protected]
http://agoracom.com/ir/eSportsEntertainmentGroup

U.S. Investor Relations 
RedChip
Dave Gentry
407-491-4498
[email protected]

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$GGX.ca GGX Gold Drills 1.66 m of 7.6 g/t Au, 60 g/t Ag at Gold Drop #K.ca

Posted by AGORACOM at 8:33 AM on Thursday, September 6th, 2018

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  • Holes COD18-52 to COD18-54. The COD gold bearing vein is located in the Gold Drop Southwest Zone.
  • 7.6 g/t gold, 60.2 g/t silver and 34.1 g/t tellurium over 1.66 meter core length in drill hole COD18-54
  •   COD18-54 was collared approximately 50 meters northeast drill hole COD17-14 which intersected the 4.59 g/t gold over 16.03 m

GGX Gold Corp has received additional analytical results from its diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core analytical results have been received for 2018 drill holes COD18-52 to COD18-54 which tested the COD Vein. The COD gold bearing vein is located in the Gold Drop Southwest Zone. High grade gold has been confirmed within the COD Vein during the 2018 drill program with some core samples exceeding 1 oz. / ton gold. Gold bearing quartz veins are also reported in the east and north regions of the property, with historic samples reported to exceed 1 oz. / ton gold for veins in both areas.

The analytical results listed below are highlights from drill holes COD18-52 to COD18-54 (intersections greater than 1 g/t gold), testing the continuation of the COD Vein in the area of the 2017 trench at the COD Vein. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold, silver and tellurium analyses are reported in grams per tonne (g/t).

The highlight from these analytical results is the intersection of 7.6 g/t gold, 60.2 g/t silver and 34.1 g/t tellurium over 1.66 meter core length in drill hole COD18-54, including 35.8 g/t gold, 276 g/t silver and 154.5 g/t tellurium over 0.30 meter core length. This interval of quartz veining/ flooding and altered granodiorite is at approximately 20 meter vertical depth. This hole was collared approximately 50 meters northeast drill hole COD17-14 which intersected the 4.59 g/t gold over 16.03 meter core length, including 10.96 g/t gold over 5.97 meter core length (News Release of September 7, 2017).

The 2018 drilling program focused on testing and defining the COD Vein, a Dentonia/Jewel style quartz vein. Trenching during 2017 exposed the northeast – southwest striking COD Vein for over 160 meter strike length. Numerous 2018 drill holes testing the COD Vein intersected significant levels of gold, silver and tellurium as reported in News Releases of May 29, June 14, June 27, July 11, July 19, July 25, August 1, August 9, August 15, August 22 and August 30. These included holes in the area of the 2017 trench and holes southwest of the 2017 trench. More significant gold intersections (core length) to date from the 2018 program are as follows:

COD18-3: 14.62 g/t Au over 2.1 meters COD18-26: 10.3 g/t Au over 1.4 meter recovered core (within 2.35 meter interval) COD18-28: 11.3 g/t Au over 0.51 meters COD18-33: 8.65 g/t Au over 2.98 meters COD18-34: 6.16 g/t Au over 3.41 meters COD18-37: 8.23 g/t Au over 3.95 meters COD18-45: 50.1 g/t Au over 2.05 meters COD18-46: 54.9 g/t Au over 1.47 meters COD18-49: 9.52 g/t Au over 1.47 meters COD18-54: 7.60 g/t Au over 1.66 meters

The 2018 drilling program also tested the continuation of the Everest Vein, which is located approximately 600 meters southwest of the COD Vein worksite. The Everest Vein was first discovered by Company prospectors during the 2017. Chip samples collected in 2017 across the approximate 0.4 meter wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver (News Release of August 21, 2017).

In addition to the gold discovered by the Company at the COD and Everest Veins, gold mineralization is reported in quartz veins in the east and north regions of the property. These include the Gold Drop, North Star and the Silent Friend quartz veins in the east region of the property and Amandy, Roderick Dhu, Lady of the Lake, Lake View and Moonlight in northern region of the property. High grade gold is reported for historic samples at some of these veins with samples reported to exceed 1 oz. / ton gold. Historic gold production occurred at the Gold Drop, North Star, Amandy and Roderick Dhu veins.

Drill core from the 2018 program was geologically logged and sampled. Drill core was sawn in half with half core samples submitted for analysis and remaining half core stored in a secure location. Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. Samples exceeding 100 g/t gold were re-analyzed for gold by Fire Assay – Gravimetric Finish. The samples were also analyzed for 48 Elements by Four Acid ICP-MS. Samples exceeding 100 g/t silver were re-analyzed for silver by Four Acid ICP-AES. One sample from COD18-46 exceeded 1500 g/t silver and was re-analyzed for silver by Fire Assay – Gravimetric Finish. Quality control (QC) samples were inserted at regular intervals.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

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Monarques Gold $MQR.ca Intersects 8.24 g/t #Gold Over 9 Metres Including 26.38 g/t Au Over 2.6 Metres on its Croinor #Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 8:50 AM on Wednesday, September 5th, 2018

Monarquesgold hub large

  • Hole CR-18-606 returned 8.24 g/t Au over 9.0 metres, including 26.38 g/t Au over 2.6 metres
  • This intersection lies 328 vertical metres below surface, 54 metres north of and 34 metres below the mineralized intersection of hole CN-88-133, which was used to design the deepest stope in the mining plan

Drilling confirms grades for planned bulk sampling areas and continues to expand the deposit at depth and to the west

MONTREAL, Sept. 5, 2018 – MONARQUES GOLD CORPORATION (“Monarques”, “Monarques Gold” or the “Corporation”) (TSXV:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report additional assay results from the 2018 diamond drilling program at its wholly owned Croinor Gold project 50 kilometres east of Val-d’Or, Québec. The 20,000-metre program started in March 2018 and is focused on the expansion and infilling of the Croinor Gold deposit. The Phase 2 results are from a total of 5,327 metres of drilling in 27 holes (see plan view). Phase 2 drilling is complete, with assays pending, and Phase 3 drilling has started.

The Croinor Gold deposit is hosted in a sheared diorite sill three kilometres long by 60–120 metres wide, striking 295 degrees north and dipping 50–65 degrees to the north. The mineralization is associated with pyrite found within and adjacent to quartz-tourmaline veins. The goal of Phase 2 was to extend the Croinor Gold deposit farther west and infill the two areas slated for underground bulk sampling.

Hole CR-18-606 returned 8.24 g/t Au over 9.0 metres, including 26.38 g/t Au over 2.6 metres. This intersection lies 328 vertical metres below surface, 54 metres north of and 34 metres below the mineralized intersection of hole CN-88-133, which was used to design the deepest stope in the mining plan. Hole CR-18-601, drilled on the western part of the Croinor Gold deposit, 84 metres west of the nearest hole (CR-11-401) on the same horizon, returned 5.30 g/t Au over 1.1 metres in an intersection 336 metres below surface. These results show that the deposit is still open both at depth and to the west, and that further drilling is warranted.

Hole CR-18-610 returned 5.67 g/t Au over 7.0 metres just below the 500-foot level drift of the old mine, enlarging a planned stope on this level.

Infill drilling of two areas slated for bulk sampling returned 18.45 g/t Au over 0.9 metres, 12.00 g/t Au over 1.2 metres and 11.25 g/t Au over 1.0 metres from the area on the 125-foot level and 12.50 g/t Au over 1.1 metres, 6.34 g/t Au over 1.2 metres and 4.68 g/t Au over 1.2 metres from the area on the 250-foot level, in addition to other values shown in the table below. These encouraging numbers confirm and expand the two areas planned for bulk sampling on two different levels.  The area on the 125-foot level is in the western part of the deposit and the area on the 250-foot level is near the old shaft in the middle of the deposit.

“Drilling on Croinor Gold continues to generate excellent results,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Like Phase 1, Phase 2 was a success, striking mineralized zones in 26 of the 27 holes, returning a number of high-grade intersections and enabling us to confirm the grades and continuity of the gold structures in the planned bulk samples areas and extend the deposit at depth and to the west. As we await the final results for Phase 2, we have commenced Phase 3 drilling, which in addition to definition drilling on planned stopes in the western sector of the deposit is focused on other promising exploration targets on the 151 km2  Croinor Gold property. From what we know of Croinor Gold to date, we believe that its gold discovery potential remains essentially untapped.”

Phase 2 drill results from the Croinor Gold project

Hole Number Length From To Width* Grade Au
(m) (m) (m) (m) (g/t)
CR-18-592 208 180.5 181.2 0.7 1.66
CR-18-596 91 56.5 58.0 1.5 9.87
Including 57.5 58.0 0.5 26.70
CR-18-598 328 277.0 277.7 0.7 0.64
CR-18-599 111 56.6 57.7 1.1 7.78
CR-18-600 82 Abandoned hole
CR-18-601 436 339.3 340.4 1.1 5.30
CR-18-602 81 51.3 52.1 0.8 0.02
CR-18-603 342 151.8 152.8 1.0 1.40
CR-18-604 202 179.6 180.0 0.4 0.03
CR-18-605 97 57.0 58.0 1.0 4.09
CR-18-606** 637 333.5 342.5 9.0 8.24
Including 333.5 336.1 2.6 26.38
346.7 347.3 0.6 3.95
CR-18-607 292 175.0 177.4 2.4 2.00
Including 175.5 176.0 0.5 3.12
CR-18-608 193 132.2 133.2 1.0 0.41
CR-18-609 208 112.3 113.2 0.9 0.13
CR-18-610 250 177.0 178.0 1.0 7.30
180.0 181.0 1.0 5.36
189.0 196.0 7.0 5.67
Including 189.0 192.0 3.0 7.01
199.0 199.8 0.8 7.58
CR-18-611 223 188.0 189.0 1.0 29.50
CR-18-612 300 99.8 100.8 1.0 35.90
CR-18-613 142 74.5 75.5 1.0 0.66
CR-18-614 55 38.7 39.3 0.6 0.16
CR-18-615 181 38.85 40.9 2.05 9.66
Including 40.0 40.9 0.9 18.45
93.5 94.5 1.0 2.35
112.0 113.0 1.0 7.67
175.0 176.35 1.35 3.41
CR-18-616 181 60.4 61.6 1.2 6.34
66.2 67.4 1.2 4.68
CR-18-617 130 36.8 37.6 0.8 0.46
CR-18-618 199 73.3 74.0 0.7 4.54
CR-18-619 151 28.0 29.2 1.2 12.00
32.8 34.8 2.0 6.60
CR-18-620 70 39.0 41.2 2.2 6.72
Including 39.0 40.0 1.0 11.25
CR-18-621 85 66.5 67.6 1.1 12.50
CR-18-622 52 42.0 43.0 1.0 3.07
* The width shown is the core length. True width is estimated to be 90-95% of the core length.
** Hole CR-18-586 was drilled down dip, parallel to the diorite, to test for the presence of multiple directions of quartz veining. The width shown is the core length. True width is estimated to be 30-35% of the core length.

 

Sampling normally consists of sawing the core into two equal halves along its main axis and shipping one of the halves to the ALS Minerals laboratory in Val-d’Or for assaying. The samples are crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding 3.0 g/t are re-assayed using the gravity method, and samples containing gold grains are assayed using the metallic sieve method. Monarques uses a comprehensive QA/QC protocol, including the insertion of standards, blanks and duplicates.

The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation’s qualified person under National Instrument 43-101.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSXV:MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as six promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

View original content with multimedia:http://www.prnewswire.com/news-releases/monarques-gold-intersects-8-24-gt-au-over-9-metres-including-26-38-gt-au-over-2-6-metres-on-its-croinor-gold-project-300706598.html

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$GLI.ca Glacier Lake Completes Exploration at Silver Vista and Hackett Properties $TUE.ca

Posted by AGORACOM at 9:29 AM on Tuesday, September 4th, 2018

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  • Glacier Lake Resources Inc. completed 2 reconnaissance surface exploration programs on its Silver Vista and Hackett properties
  • Silver Vista, the company’s principal project,  is a large, bulk-tonnage, clastic-sediment-hosted, disseminated copper-silver deposit
  • SV18-06 returned 153.4 meters averaging 28.9 grams per tonne silver equivalent

EXPLORATION ACTIVITY UPDATE- SILVER VISTA AND HACKETT PROPERTIES

Glacier Lake Resources Inc. has completed two reconnaissance surface exploration programs on its Silver Vista and Hackett properties. The Silver Vista property is the company’s principal project and is located near Smithers, B.C., with a focus on the discovery of a large, bulk-tonnage, clastic-sediment-hosted, disseminated copper-silver deposit. The Hackett property is located in the Sheslay area of northwestern British Columbia, strategically adjoins the eastern border of the Hat property, owned by Doubleview Capital Corp. and actively being explored by Hudbay Minerals Inc., the company’s joint venture partner. The work on both properties was completed by Exploration Facilitation Unlimited Inc.

Silver Vista property

The “MR Zone” on the Silver Vista property was drilled in the 1st quarter of 2018, with seven holes, totalling 1,273 metres completed. All drilling was directed at the “MR Zone”, which represented the first drilling on the property since the initial program of 1,252.5 meters in 1991/1992. Highlights of the recent drill program include Hole SV18-06 which returned multiple horizons of mineralization over the entire length of the hole, with the entire drill hole length of 153.4 meters averaging 28.9 grams per tonne silver equivalent, (see press release May 23, 2018). Hole SV18-06 was the northernmost hole and the mineralized zone is open and undrilled to the west, north and northwest. Assay results from these two work programs are pending.

The “MR Zone” discovery (1990) comprises a mineralized showing in a logging road-cut. The property has been extensively logged recently, and a network of newly constructed roads was the focus of this summer exploration program to discover additional mineralization in outcrop exposures or boulders.

Work performed included till sampling using a backpack drill and prospecting/mapping. A total of 7 till samples and 25 rock grab samples were collected from three target areas (West, SE, Circle Road), away from the “MR Zone’ area. Outcrop exposure is limited, due to the slight, rolling topography, but weak observations of copper mineralization (oxide stain) were observed at all three locations. The West and SE Target areas were surveyed using a GDD Beep Mat to detect near-surface EM/Mag conductors, with one anomaly noted. Further details on the Silver Vista property can be found in the National Instrument 43-101 report on the property located under the company’s SEDAR profile.

Hackett property

The Hackett property is located approximately 38 kilometres northwest of the village of Telegraph Creek, and approximately 95 kilometres west-southwest of Dease Lake. The western border of the Hackett property is less than a kilometre away from Doubleview’s Lisle zone, and the Hoey Minfile prospect is located near Big Creek on the boundary with the Hat property. Exploration activity focused on expanding on the mineral showings discovered in 2014, related to the Hoey Minfile occurrence, which lies on the boundary with Doubleview. On the Hackett property the 2014 discovery mineral showing returned 24 and 594 parts per billion gold, and 598 and 2,970 parts per million copper, respectively. Approximately 150 m upstream on Big Creek from the discovery showing, another strongly oxidized showing returned 128 ppb gold and 935 ppm copper.

ing, with a crew using a fly-camp located on the property, serviced by helicopter form Dease Lake. In total 26 rock samples were collected from the area of the 2014 sampling in a steep ravine on the western flank of the property. The majority of samples collected were gossanous fine-grained mafic volcanics, many of which contained quartz -carbonate veins/veinlets. In addition, 33 soil samples were collected using augers from within a target zone projects as the extension of the Hoey Zone.

The technical content of this news release has been reviewed and approved by R. Tim Henneberry, PGeo, a member of the Glacier Lake advisory board and a qualified person as defined by National Instrument 43-101 — Standards of Disclosure for Mineral Projects.

The TSX Venture Exchange has accepted for filing the company’s issuance of 734,095 shares at an average price of $0.0725 in consideration of certain services provided to the company pursuant to an agreement dated May 25, 2017.

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$GGX.CA GGX Gold Drilling Intersects 9.52 g/t Gold & 118 g/t Silver over 1.47 Meters, Gold Drop Property, Southern British Columbia

Posted by AGORACOM at 9:49 AM on Friday, August 31st, 2018

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  • Rresult for holes COD18-49 to COD18-51. The COD gold bearing vein is located in the Gold Drop Southwest Zone.
  • COD18-49 intersected 9.52 g/t gold & 118 g/t silver over 1.47 meters

Vancouver, British Columbia (FSCwire) – GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) is pleased to announce it has received additional analytical results from its diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core analytical results have been received for 2018 drill holes COD18-49 to COD18-51 which tested the COD Vein. The COD gold bearing vein is located in the Gold Drop Southwest Zone. High grade gold has been confirmed within the COD Vein during the 2018 drill program with some core samples exceeding 1 oz. / ton gold. Gold bearing quartz veins are also reported in the east and north regions of the property, with historic samples reported to exceed 1 oz. / ton gold for veins in both areas.

Gold bearing quartz vein in drill hole COD18-49

(9.52 g/t gold over 1.47meters)

To view the graphic in its original size, please click here

The analytical results listed below are highlights from drill holes COD18-49 to COD18-51 (intersections greater than 1 g/t gold), testing the continuation of the COD Vein south-southwest of the 2017 trench. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold, silver and tellurium analyses are reported in grams per tonne (g/t).

Hole ID From (m) To (m) Interval Length (m) Au (g/t) Ag (g/t) Te (g/t)
COD18-49 31.14 32.61

1.47

 9.52 118 72.2
including 31.14 31.5 0.36 5.56 39.4 48.1
including 31.8 32.1 0.3 1.99 11.55 8.75
including 32.1 32.4 0.3 24.5 367 186
including 32.4 32.61 0.21 19.1 214 142.5
COD18-51 31.51 31.89 0.38 1.06 11.8 7.71

 

The highlight from these analytical results is an intersection of 9.52 g/t gold & 118 g/t silver over 1.47 meters core length in drill hole COD18-49, including 24.5 g/t gold, 367 g/t silver and 186 g/t tellurium over 0.30 meter core length. This interval of quartz veining and altered wall rock inclusions is at approximately 22 meter vertical depth and approximately 140 meters southwest of the area of 2017 trenching at the COD Vein. This hole was drilled at a 45 degree dip to the northwest. Holes COD18-45 and COD18-46, drilled from the same set-up but to the west, also intersected near-surface high grade gold (News Releases of August 15 and 22, 2018) identifying this area as having potential for high grade gold mineralization. COD18-49 was drilled approximately 200 meters southwest of drill hole COD17-14 which intersected the 4.59 g/t gold over 16.03 meter core length, including 10.96 g/t gold over 5.97 meter core length (News Release of September 7, 2017).

The 2018 drilling program focused on testing and defining the COD Vein, a Dentonia/Jewel style quartz vein. Trenching during 2017 exposed the northeast – southwest striking COD Vein for over 160 meter strike length. Numerous 2018 drill holes testing the COD Vein intersected significant levels of gold, silver and tellurium as reported in News Releases of May 29, June 14, June 27, July 11, July 19, July 25, August 1, August 9, August 15 and August 22. Most of these holes are southwest of the area of 2017 trenching. More significant gold intersections (core length) to date from the 2018 program are as follows:

  • COD18-3:       14.62 g/t Au over 2.1 meters
  • COD18-26:     10.3 g/t Au over 1.4 meter recovered core (within 2.35 meter interval)
  • COD18-28:     11.3 g/t Au over 0.51 meters
  • COD18-33:     8.65 g/t Au over 2.98 meters
  • COD18-34:     6.16 g/t Au over 3.41 meters
  • COD18-37:     8.23 g/t Au over 3.95 meters
  • COD18-45:     50.1 g/t Au over 2.05 meters
  • COD18-46:     54.9 g/t Au over 1.47 meters
  • COD18-49:     9.52 g/t Au over 1.47 meters

To view the graphic in its original size, please click here

The 2018 drilling program also tested the continuation of the Everest Vein, which is located approximately 600 meters southwest of the COD Vein worksite. The Everest Vein was first discovered by Company prospectors during the 2017. Chip samples collected in 2017 across the approximate 0.4 meter wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver (News Release of August 21, 2017).

In addition to the gold discovered by the Company at the COD and Everest Veins, gold mineralization is reported in in quartz veins in the east and north regions of the property. These include the Gold Drop, North Star and the Silent Friend quartz veins in the east region of the property and Amandy, Roderick Dhu, Lady of the Lake, Lake View and Moonlight in northern region of the property. High grade gold is reported for historic samples at some of these veins with samples reported to exceed 1 oz. / ton gold. Historic gold production occurred at the Gold Drop, North Star, Amandy and Roderick Dhu veins.

Drill core from the 2018 program was geologically logged and sampled. Drill core was sawn in half with half core samples submitted for analysis and remaining half core stored in a secure location. Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. Samples exceeding 100 g/t gold were re-analyzed for gold by Fire Assay – Gravimetric Finish. The samples were also analyzed for 48 Elements by Four Acid ICP-MS. Samples exceeding 100 g/t silver were re-analyzed for silver by Four Acid ICP-AES. One sample from COD18-46 exceeded 1500 g/t silver and was re-analyzed for silver by Fire Assay – Gravimetric Finish. Quality control (QC) samples were inserted at regular intervals.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

To view the Original News release with pictures please go to the website or contact the company.

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

[email protected]

Investor Relations:

Mr. Jack Singh, 604-488-3900   [email protected]

 

“ We don’t have to do this, we get to do this ” 

The Crew 

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Posted in AGORACOM News And Events, All Recent Posts, Featured, Small and Micro-Cap Space | Comments Off on $GGX.CA GGX Gold Drilling Intersects 9.52 g/t Gold & 118 g/t Silver over 1.47 Meters, Gold Drop Property, Southern British Columbia

Monarques Gold $MQR.ca Provides an Update on its Production Activities $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 6:09 PM on Thursday, August 30th, 2018

Monarquesgold hub large

  • Production activities at the Beaufor Mine will be temporarily suspended as of December 14, 2018, and the mine will be placed on care and maintenance.
  • The Corporation will continue its exploration activities at the Beaufor Mine in order to increase its gold resource over the longer term, given the many high-grade results obtained since the end of 2017.
  • Camflo’s custom milling operations, which reported another consecutive increase in revenues in the fourth quarter of more than 31%, will not be affected.
  • The Corporation will focus its efforts on developing and completing the feasibility study of its core asset, the Wasamac gold deposit, which contains measured and indicated resources of 2,587,900 ounces of gold (see Table 1 at the end of this release).
  • The Corporation has acquired land adjacent to the Wasamac project, with more than 1 km strategically located along the Trans-Canada Highway and the Ontario Northland Railway.
  • Monarques Gold has sold its 2% net smelter return royalty in the East Amphi property to Canadian Malartic GP for $250,000.

MONTREAL, Aug. 30, 2018 - MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSXV:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) announced today that production activities at the Beaufor Mine will be temporarily suspended as of December 14, 2018. The suspension is primarily due to the low grades of the ore mined at Beaufor in recent quarters, combined with the persistent weakness in the price of gold and difficulties recruiting qualified manpower in the region. As a result, the mine’s workforce will be cut to around ten employees who will be assigned to care and maintenance of the mine and its facilities.

“This decision was necessary for the future of the Corporation,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “With the persistent weakness in the gold price and lower-than-expected grades, operations at the Beaufor Mine have been challenging in the last two quarters, a situation that had to be corrected at all costs. Over the coming quarters, we will be looking for ways to improve the mining grade while pursuing our exploration activities, which have generated very promising results. Our goal is to restart the Beaufor Mine as soon as we are able to ensure that our operations will be profitable.”

“We will also step up our efforts to develop Monarques’ main asset, the Wasamac gold deposit, which, by using the latest technology, has the potential to become a mine. We will soon issue an update on the status of the Wasamac feasibility study, where we are seeing some very encouraging developments. In terms of operations, it is important to underscore that our custom milling operations at the Camflo mill are growing every quarter and are expected to continue contributing positively to our results,” Mr. Lacoste added.

Exploration program and strategy at the Beaufor Mine

The new exploration strategy at the Beaufor Mine will aim to grow the high-grade gold resource over a longer-term horizon, in order to ensure greater operating profitability.

The many factors leading the Corporation to continue exploring at Beaufor, which has produced more than 1.1 million ounces over its lifetime, include the multiple high-grade results obtained since the end of 2017 and the fact that the mine still has excellent exploration potential along strike and at depth.

Along these lines, the Corporation has obtained new results from its 2018 drilling program. The results are for a total of 3,220 metres of drilling in 14 exploration holes. Nine of the holes intersected mineralization, including hole 18-150-68A, which returned 10.38 g/t Au over 7.65 metres, including 100.50 g/t Au over 0.50 metres in the QF1 vein. The QF veins generated other significant results, including 84.80 g/t Au over 1.65 metres, 59.45 g/t Au over 0.50 metres, 58.30 g/t Au over 0.50 metres, 32.51 g/t Au over 1.2 metres and 26.50 g/t Au over 0.50 metres. The drill results are summarized in Table 2 at the end of this release.

Acquisition of strategic land adjacent to the Wasamac project

On August 24, 2018, Monarques acquired a property next to the Wasamac project to serve as the site of the project’s mining facilities. Located further away from the local community, the property has the added strategic advantage of including a stretch of more than 1 kilometre along the Trans-Canada Highway and the Ontario Northland Railway, easing transportation logistics for the mined material.

Sale of the East Amphi property royalty to Canadian Malartic GP

On August 21, 2018, the Corporation sold its 2% net smelter return royalty on the East Amphi property to Canadian Malartic GP for the sum of $250,000. The royalty was among the assets acquired from Richmont Mines but did not fit into the Corporation’s development plans.

Quality control and qualified person

Sampling normally consists of sawing the core into two equal halves along its main axis and shipping one of the halves to Val-d’Or for assaying at the ALS Geochemistry laboratory, which is fully accredited under ISO 17025. The samples are crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding 10.0 g/t are re-assayed using the gravity method. Certified standards and blanks are inserted into the sampling stream for quality control purposes.

The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, P.Eng., the Corporation’s qualified person under National Instrument 43‑101.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSXV:MQR) is a mining company focused on pursuing growth through its large portfolio of high-quality gold projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as six promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Table 1 – Monarques Gold Measured and Indicated Resource

Tonnes
(metric) 		Grade
(g/t Au)		 Ounces
Wasamac property1
Measured Resources 3.99 M 2.52 323,300
Indicated Resources 25.87 M 2.72 2,264,500
Total 29.86 M 2.70 2,587,900
Croinor Gold mine2
Measured Resources 80,100 8.44 21,700
Indicated Resources 724,500 9.20 214,300
Total 804,600 9.12 236,000
Swanson property3
Indicated Resources (pit constrained) 1,694,000 1.80 98,100
Indicated Resources (underground) 58,100 3.17 5,900
Total 1,752,100 1.85 104,100
McKenzie Break property4
Indicated Resources (pit constrained) 939,860 1.59 48,133
Indicated Resources (underground) 281,739 5.90 53,448
Total 1,221,599 2.58 101,581
Beaufor Mine5
Measured Resources 74,400 6.71 16,100
Indicated Resources 271,700 7.93 69,300
Total 346,200 7.67 85,400
Simkar Gold property6
Measured Resources 33,570 4.71 5,079
Indicated Resources 208,470 5.66 37,905
Total 242,040 5.52 42,984
TOTAL COMBINED
Measured and Indicated Resources 3,157,865
1 Source: Technical Report on the Wasamac Project, Rouyn-Noranda, Québec, Canada, Tudorel Ciuculescu, M.Sc., P.Geo., October 25, 2017, Roscoe Postle Associates Inc.
2 Source: Monarques prefeasibility study (January 19, 2018) and resource estimate (January 8, 2016)
3 Source: NI 43‐101 Technical Report on the Swanson Project, June 20, 2018, Christine Beausoleil, P.Geo., and Alain Carrier, P.Geo., M.Sc., of InnovExplo Inc.
4 Source: NI 43‐101 Technical Report on the McKenzie Break Project, April 17, 2018, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, Eng., of Geologica Groupe-Conseil Inc. and Christian D’Amours, P.Geo., of GeoPointCom Inc.
5 Source: NI-43-101 Technical Report on the Mineral Resource and Mineral Reserve Estimates of the Beaufor Mine as at September 30, 2017, Val-d’Or, Québec, Canada, Carl Pelletier, P. Geo. and Laurent Roy, Eng.
6 Source: MRB et Associés (January 2015)

 

Table 2 – Summary of exploration drilling results at the Beaufor Mine

Project Hole From
(m)		 To
(m)		 Length
(m)		 Grade
(g/t Au)		 Zone/Vein
QH Veins

Zone Q

QF Veins

(East sector)

 18-150-67a 296.70 297.20 0.50 8.76 N
372.60 373.10 0.50 25.55 QH
409.25 410.90 1.65 84.80 QF
incl. 409.75 410.40 0.65 209.00
466.85 467.35 0.50 20.93 QF
472.80 473.35 0.55 11.83 QF1
495.80 496.30 0.50 26.50 QF
18-150-68a 375.15 375.95 0.80 61.75 QH
391.05 391.80 0.75 7.67 QH
403.50 405.00 1.50 11.86 QH2
408.15 408.65 0.50 10.44 QH
483.60 484.10 0.50 59.45 QF
498.15 505.80 7.65 10.38 QF1
incl. 498.15 498.65 0.50 17.03
incl. 501.35 501.85 0.50 22.98
incl. 505.30 505.80 0.50 100.50
518.85 520.60 1.75 6.25 QF
QF Veins

(Centre sector)

 18-137-40 19.40 20.00 0.60 5.30 QF
23.00 23.50 0.50 58.30 QF
24.60 25.15 0.55 3.80 QF
27.80 28.80 1.00 2.95 QF
143.90 144.40 0.50 2.63 QF
167.45 167.95 0.50 2.13 QF
18-137-41 21.40 21.90 0.50 2.40 QF
39.40 39.90 0.50 8.90 QF
63.40 63.90 0.50 19.58 QF
253.85 254.50 0.65 11.58 QF
18-137-42 – QF1
18-136-84 12.00 14.00 2.00 5.96 QF
23.90 25.10 1.20 32.51 QF
incl. 23.90 24.40 0.50 70.65
QF Veins

(West sector)

 18-117-46 – QF1
18-117-47 58.25 60.00 1.75 2.22 QF1
incl. 59.50 60.00 0.50 5.52
18-117-48 – QF1
18-117-49 – QF1
18-117-50 – QF1
18-117-51 54.85 56.05 1.20 6.73 QF1
incl. 54.85 55.45 0.60 10.85
173 18-173-18 304.20 305.20 1.00 7.25 F
incl. 304.20 304.70 0.50 13.18
18-173-19 281.00 281.50 0.50 3.62 Between D-F
282.00 283.00 1.00 9.59 Between D-F
309.30 309.80 0.50 10.43 Between D-F
364.60 365.10 0.50 2.11 F
443.80 444.30 0.50 3.97 –
QH: True width corresponds to approximately 85% of the core length.
QF/QF1: True width corresponds to approximately 60-95% of the core length.
173: True width corresponds to approximately 75% of the core length.

 

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Posted in All Recent Posts, Featured, Monarques Gold | Comments Off on Monarques Gold $MQR.ca Provides an Update on its Production Activities $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Namaste $N.ca $NXTTF Announces Approval of NamasteMD Android App and Accelerates Patient Acquisition in Anticipation of Sales License $VAPE $VPCO $MCIG $ABCN.ca $ACG.ca $ACB $WEED.ca $HIP.ca

Posted by AGORACOM-JC at 9:03 AM on Friday, August 24th, 2018

  • Announced that the Company has received official approval of the latest version of its NamasteMD cannabis telemedicine App for Google Android devices,
  • Live in the Google Play store as of 8 AM EST August 23rd, 2018

VANCOUVER, Aug. 24, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that the Company has received official approval of the latest version of its NamasteMD (“NamasteMD.com“) cannabis telemedicine App for Google Android devices, which is live in the Google Play store as of 8 AM EST August 23rd, 2018. Approximately 50% of mobile phone users in Canada use Android devices. With the new launch of the apps on both iOS and Android platforms, NamasteMD can now facilitate online patient consultations, free of charge, within 15 minutes from sign-up on the App. The Company anticipates launching real-time consultations through NamasteMD within the next 10 days. Further to the Company’s Aug 22nd news release, NamasteMD has achieved over 14,000 registered users, representing a 130% increase over a 2-month period. The Company anticipates significant acceleration in conversion rates with additional exposure through the Google Play store.

Namaste has developed Canada’s first fully-compliant medical cannabis patient portal, available on iPhone or Android devices, which allows Namaste to acquire patients faster and at a lower cost in comparison with other Licensed Producers. Patients acquired through NamasteMD have access to purchase medical cannabis through Namaste’s cultivation partners (“Licensed Producers). Under the terms of various Educational Service Agreements (“Service Agreements”), Namaste collects between 15-20% of the gross revenue derived from patient purchasing through referrals to Licensed Producers under NamasteMD. Namaste is presently partnered with over 10 Licensed Producers.

With Namaste’s medical cannabis “sales-only” license imminent, the Company anticipates a sharp increased revenue and margin with Cannmart booking full revenue amounts from patient ordering and the Company will aim to maintain a minimum of a 50% gross margin on cannabis products sold directly on its website.

Namaste operates over 30 e-commerce sites across the globe with over 1.5 Million customers. Integration of cannabis and consumable sales including CBD products into Namaste’s platform will propel the Company to become a global leader in the online retail of all things cannabis. The Company will launch the same strategy in leveraging its consumer databases along with its innovative technology platforms to expand NamasteMD and Cannmart’s model into international markets where Namaste maintains significant market share.

Management Commentary

Sean Dollinger, President, and CEO of Namaste comments: “We’re very pleased to announce the launch of NamasteMD in the Google Play Store. We have been overwhelmed by the acceleration rate of our registered users and anticipate seeing even faster growth having now received approval from Google. With approximately 50% of mobile phone users operating on Google Android devices, we are expecting to see patient numbers accelerate even quicker than we have experienced so far. NamasteMD is a key component of our strategy in developing Canada’s largest medical cannabis patient database and in launching cannabis sales in Canada and abroad. While the process of acquiring a medical cannabis prescription and onboarding with a Licensed Producer typically can take several days or weeks, Namaste will offer a fully-integrated platform for new patients to consult with a nurse practitioner and immediately be connected with Cannmart to order their product. We believe in bringing value to our patients through technological innovation and aim to set the highest standard for patient care going forward.”

About Namaste Technologies Inc.

Namaste Technologies is Your Everything Cannabis Store™. Namaste operates the largest global cannabis e-commerce platform with over 30 websites in 20+ countries under various brands. Namaste’s product offering through its subsidiaries includes vaporizers, glassware, accessories, CBD products, and the company will soon be selling medical cannabis in the Canadian market, subject to approval by Health Canada.

Namaste has developed and acquired innovative technology platforms including NamasteMD.com, Canada’s first Health Canada compliant telemedicine application, and in May 2018 the Company acquired a leading e-commerce AI and Machine Learning Company, Findify AB. Findify uses artificial intelligence algorithms to optimize and personalize a consumer’s on-site buying experience. Namaste is focused on leveraging its cutting-edge technology to enhance the user experience throughout its platforms. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

On behalf of the Board of Directors

“Sean Dollinger”

Chief Executive Officer

Direct: +1 (786) 389 9771

Email: [email protected]

Further information on the Company and its products can be accessed through the links below:

NamasteTechnologies.com

NamasteMD.com

NamasteVapes.ca

Everyonedoesit.ca

FORWARD-LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.

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Namaste $N.ca $NXTTF announces supply agreement with #Bonify and acquisition of over 14,000 registered users with #NamasteMD $VAPE $VPCO $MCIG $ABCN.ca $ACG.ca $ACB $WEED.ca $HIP.ca

Posted by AGORACOM-JC at 9:14 AM on Wednesday, August 22nd, 2018

  • Signed a wholesale supply agreement with Manitoba-based ACMPR Licensed producer, Bonify Inc.
  • Under the terms of the Supply Agreement, Namaste will purchase bulk cannabis products through the Company’s wholly-owned subsidiary, Cannmart Inc

VANCOUVER, Aug. 22, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that the Company has signed a wholesale supply agreement (the “Supply Agreement”) with Manitoba-based ACMPR Licensed producer, Bonify Inc. (“Bonify”). Under the terms of the Supply Agreement, Namaste will purchase bulk cannabis products through the Company’s wholly-owned subsidiary, Cannmart Inc. (“Cannmart”).  Bonify operates a large-scale cultivation facility and will expand capacity to over 350,000 square-foot that will accommodate Namaste’s growth trajectory. Namaste will work with Bonify to develop private-label strains of cannabis for the medical and recreational markets as well as in offering the full selection of Bonify products.

Further to the Company’s August 13th news release, Cannmart completed its Health Canada Pre-Sales inspection on July 31st, 2018 and the receipt of its “sales-only” license will represent a major milestone for the Company. With Cannmart’s “sales-only” license imminent, and in order to accommodate the acceleration of NamasteMD’s (NamasteMD.com) database and with the launch of Canadian recreational cannabis sales pending, the Supply Agreement with Bonify will guarantee adequate supply to support Namaste’s demand.

Namaste is also pleased to announce that it has registered over 14,000 users in its online patient portal and mobile app, NamasteMD representing a 130% increase in registered users in approximately 2 months. With the latest launch of the NamasetMD app, the Company has streamlined the on-boarding process, improved conversion rates and has opened the app’s scheduling to accommodate appointments within 15 minutes from sign-up. The accelerated growth in patient acquisition which has taken place over the past two and a half months is extremely encouraging. Namaste anticipates seeing further acceleration once Cannmart’s sales license is received and cannabis sales are integrated within the platform.

The Company is also pleased with initial results from the launch of its patient feedback app, Uppy Strain Journal (“Uppy”), with over 11,000 downloads from its launch one month ago. Data collection through Uppy will drive machine learning algorithms that will be used in tandem with cannabis strain data to provide better strain recommendations for medical patients. By adding value for medical patients in an online environment, Namaste will achieve lower cost per patient acquisition, higher conversion rates, increased revenue and provide a better user experience.

Namaste’s e-commerce platform and technology will continue to drive innovation that will have a major impact on the way in which patients can access medical cannabis online. Namaste’s goal is to create the most comprehensive user experience possible by personalizing product and strain recommendations through integration of its AI technology, providing convenient access to healthcare practitioners through its patient portal, NamasteMD, and to drive cannabis sales through Cannmart.

Management Commentary

Dalbir Bains, President and CEO of Bonify comments: “We are thrilled to be partnering with the leading cannabis technology company in Canada.  We have witnessed firsthand the impact Namaste MD is having on patients by providing the most convenient and accessible health care experience regardless of whether you live in an urban or rural market thanks to its telehealth capabilities.  The addition of Cannmart, which is coming shortly, will truly complete the patient experience from symptom to diagnosis, from a health care practioner, to receiving a product that will improve the quality of the patient’s life.  This aligns with Bonify’s mission of improving the lives of our patients”.

Sean Dollinger, President and CEO of Namaste comments: “We’re very excited to be working with Bonify and their team. I was personally on-site at their facility in Winnipeg and was very impressed with their operations and the quality of their products. Bonify will be a strong supply partner for Namaste as they understand our vision and have significant capacity to support our growing patient network. We’re in a key position now where many of our efforts are coming together with our anticipated sales license at Cannmart. We’re looking forward to expanding on our relationship with Bonify in the future and are very excited to be seeing all of these pieces now coming together. The Agreement with Bonify will ensure supply availability for Namaste during a period going in to recreational legalization where many producers anticipate a supply shortage.

I’m very happy to see incredible results in our progress with NamasteMD and Uppy. These platforms will provide Namaste with long term value in domestic and international markets. We will continue to focus on developing our e-commerce platform to encompass everything cannabis. We’re very excited for the future, looking forward to receiving our sales license soon and in rolling-out Cannmart’s platform. We believe that Namaste will emerge as the dominant leader in cannabis e-commerce sales globally and have already established the infrastructure to achieve this goal.”

About Bonify Inc.

Bonify is a Canadian-owned Licensed Producer and leading provider of medical cannabis. By maximizing research findings and strictly adhering to best-in-class practices, quality standards and procedures, Bonify produces medical cannabis products to help individuals get the most out of life each and every day. With over 1,000,000 square feet of potential productive capacity at its present site in Winnipeg, Manitoba, Canada, when at full scale, Bonify will be capable of growing over 100,000 kg of cannabis annually. For more information, visit www.bonify.com.

About Namaste Technologies Inc.

Namaste Technologies is Your Everything Cannabis Store™. Namaste operates the largest global cannabis e-commerce platform with over 30 websites in 20+ countries under various brands. Namaste’s product offering through its subsidiaries includes vaporizers, glassware, accessories, CBD products, and the company will soon be selling medical cannabis in the Canadian market, subject to approval by Health Canada.

Namaste has developed and acquired innovative technology platforms including NamasteMD.com, Canada’s first Health Canada compliant telemedicine application, and in May 2018 the Company acquired a leading e-commerce AI and Machine Learning Company, Findify AB. Findify uses artificial intelligence algorithms to optimize and personalize a consumer’s on-site buying experience. Namaste is focused on leveraging its cutting-edge technology to enhance the user experience throughout its platforms. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

On behalf of the Board of Directors

“Sean Dollinger”

Chief Executive Officer

Direct: +1 (604) 355 6100

Email: [email protected]

Further information on the Company and its products can be accessed through the links below:

NamasteTechnologies.com

NamasteMD.com

NamasteVapes.ca

Everyonedoesit.ca

FORWARD-LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.

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#HPQ Closes $ 5,250,000 Financing $FSLR $SPWR $CSIQ $PYR.ca $XMG.ca

Posted by AGORACOM-JC at 3:33 PM on Tuesday, August 21st, 2018

Hpq large

  • Announced the closing of the previously announced financings totalling $ 5,250,000 with participation of the Quebec government
  • “Créativité Québec” program, via Investissement Québec (IQ), has subscribed to an unsecured Convertible Debenture for gross proceeds of $1,800,000
  • Net proceeds of  $1,713,622 was received by HPQ on August 20, 2018,

MONTREAL, Aug. 21, 2018 – HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to announce the closing of the previously announced financings totalling $ 5,250,000 with participation of the Quebec government, via its “Créativité Québec” program, and PyroGenesis Canada Inc. (“PyroGenesis”).

Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated, “Closing these financings, at more than a 40% premium to present market price, is a tangible validation that both the Quebec Government and PyroGenesis believe in the innovative potential of our PUREVAPtm QRR process.  With these financings earmarked for the completion of our pilot equipment project closed, our objective going forward will be delivering on the Gen3 PUREVAP™ Pilot Plant phase with our “Solar Silicon Team” as well as building market awareness of our progress, plans and success.”

$5,250,000 FINANCING SALIENT POINTS

The Quebec government, through its “Créativité Québec” program, via Investissement Québec (IQ), has subscribed to an unsecured Convertible Debenture for gross proceeds of $1,800,000.  Net proceeds of  $1,713,622 was received by HPQ on August 20, 2018, after deductions of filing studies fees and legal fees emanating from IQ lawyers for the due diligence review.

The 5-year Convertible Debenture matures on August 20, 2023 and bears interest at a rate of 5% per annum. The interest payment can be accrued, at the Company’s option, up to the term of the Debenture.  IQ will have the right, at anytime, to convert the Debenture into common shares of HPQ at a price of $0.12 per share.  IQ may also, at the date of the conversion of the capital into shares, convert the accrued interest payable in shares of HPQ, subject to the approval of the TSX-Venture and the conversion price for the payment of the accrued interest will be established in accordance with the policies of the TSX-Venture.

HPQ will be allowed to proceed with an early repayment of the Debenture, capital and accrued interest, 36 months after the issuance of the debenture, subject to the payment to IQ by HPQ of a redemption premium equal to a compounded annual return of 20% on the capital of the Debenture.

Concurrent to the issuance of the Debenture, HPQ issued to IQ 15,000,000 Warrants, each Warrant entitling IQ to purchase one common share of the capital stock of HPQ at an exercise price of $ 0.17, for a period of 36 months from the close.  The Debenture, the warrants and any stock issuance emanating from the Debenture and or warrant exercise will be subject to a holding period until December 20, 2018.

HPQ has closed the 16,250,000 units (“Unit”) at $0.12 per Unit private placement with PyroGenesis for a gross and net proceeds of $1,950,000.  Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company.  Each Warrant will entitle Pyrogenesis to purchase one common share of the capital stock of the Company at an exercise price of $ 0.17 for a period of 36 months from the date of closing of the placement. Each share issued pursuant to the placement will be subject to a holding period until December 20, 2018.

The TSX venture exchange (TSX-V) has conditionally approved the $ 1,500,000 Equity Line of credit PyroGenesis has granted to HPQ.  The equity line of credit can only be used to cover unexpected project cost overruns that could potentially occur after then end of planned test period in 2019 until December 31, 2020.

To be acceptable under the terms of the Equity Line of Credit, Cost Overruns shall be considered as such by both Parties and approved before they are incurred.  Upon approval, HPQ must send a written thirty days (30) notice of it’s intent to drawdown the Equity Line of Credit to pay for the Cost Overruns.  Once the approved work is completed, PyroGenesis shall remit to HPQ an invoice covering the completed work and HPQ will organize the payment of the invoice by means of issuance of common shares of its capital stock, as prescribed by TSX Venture Exchange policies, for a number of shares totalling the amount of the applicable invoice at an issuance price equal to the share quote on the invoice date, less a ten percent (10%) discount.

This Press Release Is Available On The Company’s CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A Between Management and Shareholders.    https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion

About HPQ Silicon

HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic conversion.

HPQ goal is to develop, in collaboration with industry leaders that are experts in their fields of interest, the innovative metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)” process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-third (2/3) the steps required to transform quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule for an end 2018 start.

Disclaimers:

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information contact
Bernard J. Tourillon, Chairman, President and CEO Tel (514) 907-1011
Patrick Levasseur, COO Tel: (514) 262-9239
www.HPQSilicon.com

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